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  • REQUEST SUBMITTED

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    Date: 2021-03-27 16:27:58.591002

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    Date: 2021-03-29 09:17:28.965066

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    Date: 2021-03-29 21:57:00.971631

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LEGALITIES OF ONLINE LENDING COMPANIES

Requested from SEC by J. Valmores at 04:27 PM on Mar 27, 2021.
Purpose: Research
Date of Coverage: 01/01/2021 - 03/27/2021
Tracking no: #SEC-187344775628

Valmores 04:27 PM, Mar 27, 2021 

Good day. I would like to request the duly issued SEC Registration Number and Certificate of Authority of the following Online Lending Companies:

1. KingABC Lending Corporation
    Online  Lending App: PondoLoan and StartLoan

2. Fastcoin Lending Corp
  OLA: Cash Guard

3. Convenience Cash Lending
   OLA: Zada Cash

4. Commandar
   OLA: Catcash

5. Royal Yahoo Lending Investor Corp.
   OLA: Happy Pera

6. Happy Credit IT Developers
   OLA: Happy Credit

7. Kusog Pera Lending Inc.
  OLA: Snapera

Antincipating for your efficient and punctual response.
Thank you.

Gonzales 09:17 AM, Mar 29, 2021 

March 29, 2021

Dear Jackelyn,

Thank you for your request dated Mar 27, 2021 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for LEGALITIES OF ONLINE LENDING COMPANIES.

We received your request on Mar 27, 2021 and will respond on or before Apr 16, 2021 04:27:58 PM, in accordance with the Executive Order's implementing rules and regulations.

Should you have any questions regarding your request, kindly contact me using the reply function on the eFOI portal at https://www.foi.gov.ph/requests/aglzfmVmb2ktcGhyHQsSB0NvbnRlbnQiEFNFQy0xODczNDQ3NzU2MjgM, for request with ticket number #SEC-187344775628.

Thank you.

Respectfully,

Isma Gonzales
FOI Officer

Gumtang- Remalante 09:57 PM, Mar 29, 2021 

March 29, 2021

Dear Jackelyn Valmores,

Greetings!

Thank you for your request dated Mar 27, 2021 04:27:58 PM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch.

Your Request

You asked for LEGALITIES OF ONLINE LENDING COMPANIES.

Response to Request

Except for item 4 and 6, please see below the requested SEC Registration Number and Certificate of Authority Number of the Online Lending Applications (OLA) you inquired about:


1. KingABC Lending Corporation
    Online  Lending App: PondoLoan and StartLoan

SEC Registration Number: CS201951228
CA Number: 2919

2. Fastcoin Lending Corp
  OLA: Cash Guard

SEC Registration Number: CS20190000277
CA Number: 3140

3. Convenience Cash Lending
   OLA: Zada Cash

SEC Registration Number: 2020090002200-05
CA Number:3319

4. Commandar
   OLA: Catcash

(incomplete information)

5. Royal Yahoo Lending Investor Corp.
   OLA: Happy Pera

SEC Registration Number: CS201906145
CA Number: 2940

6. Happy Credit IT Developers
   OLA: Happy Credit

(not in the latest record)
7. Kusog Pera Lending Inc.
  OLA: Snapera

SEC Registration Number: CS201916669
CA Number: 3118
 
Also, for more information on registered OLP, please use this link to go over the said list in our SEC website:

https://www.sec.gov.ph/lending-companies-and-financing-companies-2/list-of-registered-online-lending-platforms/

Your right to request a review

If you are unhappy with this response to your FOI request, you may ask us to carry out an internal review of the response by writing to Commission Secretary at comsec@sec.gov.ph. Your review request should explain why you are dissatisfied with this response, and should be made within 15 calendar days from the date when you received this letter. We will complete the review and tell you the result within 30 calendar days from the date when we receive your review request.

If you are not satisfied with the result of the review, you then have the right to appeal to the Office of the President under Administrative Order No. 22 (s. 2011).

Thank you.

Respectfully,

Atty. Rachel Esther Gumtang- Remalante
FOI Receiving Officer

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